From 2012 to 2022, the golf balls market in Switzerland showed varying degrees of fluctuation. The market size peaked at a significant 15.86% year-on-year growth in 2018, followed by a notable decline of 11.19% in 2015. Over the past five years (2018-2022), the market experienced an average compound annual growth rate (CAGR) of 1.34%, indicating a modest but positive growth trend. Specifically, in recent years, the market value saw minor year-on-year changes of 0.14% in 2022 and 2.06% in 2021. As of 2023, the golf balls market in Switzerland remains valued around the 11 Million US Dollars mark.
Future trends to watch for include the potential impact of technological advancements in golf ball design, increasing environmental consciousness promoting eco-friendly products, and fluctuations in consumer spending. Additionally, the influence of global golf events and the growing interest in recreational sports activities could further drive market dynamics.
